Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Investor Presentation (January 2023)
28 slides from Peninsula Energy's investor presentation, Jan 30, 2023
Slide 1: Advancing the Restart of Uranium Production at Lance
A DVANCING THE R ESTA RT OF UR ANIUM PROD U CTION AT L ANCE J a n u a r y 2023 ASX:PEN; OTCQB:PENMF 1
Slide 2: Important Notice & Disclaimer
Im p o r t a nt N o t i c e & D i s cl a i m e r This Presentation contains summary information about the current activities of Peninsula Energy Limited (the “Company”) as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complet
Slide 3: Disclaimer & Competent Person
D i s cl a i m e r & Co m p et e nt P e r s o n The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and any such restrictions should be observed. In particular, this Presentation may not be distributed or released in the United States. Any failure to com
Slide 4: Cautionary & Inferred Resources Notice
Ca u t i o n a r y & In fe r re d R e s o u rc e s N o t i c e The Definitive Feasibility Study completed for the Lance Projects includes measured and indicated resources and an assumed resource conversion of 61% (inferred to indicated or greater). The purpose of the Definitive Feasibility Study is
Slide 5: Progressing Towards Uranium Production
PR O GR ES SIN G TO WA R D S UR A NIUM PR O D U CT I O N PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 5
Slide 6: An Emerging US Uranium Producer
A n Em e rgi n g US Ura ni u m P ro d u c e r Flagship Significant Lance ISR Near Term Proven FID Growth Well Funded Project Production Team Potential One of the A positive Start of Building the Cash balance Highly largest US investment production size and scale of $US25.1 experienced uranium decisi
Slide 7: Lance Production to Restart in Q1 CY2023
La n c e P ro d u c t i o n t o R e s t a r t i n Q1 CY2023 • Positive Financial Investment Decision (FID) made in Nov 2022 to restart uranium operations • Current plant capacity of 0.82Mlbs U3O8 per year. Licensed to produce up to 3Mlbs U3O8 per year • First uranium production in CY2023 to be deliv
Slide 8: Corporate Overview
Co rp o ra t e O v e r v i e w 1,257m A$0.155 A$195m Nil US$25.1m 0.5mlbs Cash U3O8 Inventory Shares on Issue Share Price Market Term Debt (as of 31 Dec 2022) (as of 31 Dec 2022) (27 January 2023) (27 January 2023) Capitalisation Board of Directors Share Price Performance Management Team Mr Wayne He
Slide 9: Uranium, Nuclear and a Clean Energy Future
Ura ni u m , Nu cl e a r a n d a Cl e a n En e rg y Fu t u re • Nuclear power gaining momentum and support globally as a critical part of the green energy mix • Global recognition of the important role nuclear power will play in meeting aggressive de-carbonization targets • Nuclear energy provides h
Slide 10: Uranium & Nuclear Energy in the United States
Ura ni u m & Nu cl e a r En e rg y i n t h e Uni t e d St a t e s “Nuclear power provides 52% of “A clear demand signal for domestic production, America’s clean energy. conversion and enrichment” Because nuclear power plants operate at full capacity more than 92% of the time, it has BIDEN Administra
Slide 11: The Lance Uranium In-Situ Recovery Project
T HE L A N CE UR A NIUM IN - SIT U R EC OV ER Y PR OJECT PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 11
Slide 12: Lance – A Premier Uranium Project
La n c e – A P re mi e r Ura ni u m P ro j e c t Powder River Basin WYOMING, USA Lance Regional Setting Located in Wyoming USA, a leading US uranium extraction jurisdiction PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 12
Slide 13: The Lance Projects
T h e La n c e P ro j e c t s • Ross • Fully licensed Uranium ISR production facility • 2 developed Mine Units • 2-3 additional Mine Units planned • Kendrick • The next sequential production area • Amendments submitted to add Kendrick to the production licenses and permits • Barber • “Under-delineat
Slide 14: The Lance Projects Resources
T h e La n c e P ro j e c t s R e s o u rc e s “One of the Largest US Uranium ISR Projects Known” Lance Projects Resource Estimate as at 31 Dec 20211 ✓ A modern, large-scale, long-life, constructed and fully-permitted project Classification Tonnes U3O8 Grade U3O8 (million) (Mkg) (ppm U3O8) (Mlbs) ✓
Slide 15: Applying the Industry Leading Low-pH ISR Process
A p p ly i n g t h e In d u s t r y Le a di n g Lo w - p H ISR P ro c e s s Low pH ISR is a proven, • Over 60% of global uranium produced in 2021 was via low pH ISR effective method of • The lowest quartile uranium mines for production costs uranium production Regulatorily De-risked • Lance is the o
Slide 16: Key Ross and Kendrick DFS Results
Key R o s s a n d Ke n d r i c k D FS R e s ul t s “Strong results supported by a quality resource and detailed technical evaluations” DFS Case: 2-Stage Ramp-up to 2 Mlbs/yr. ROSS AND KENDRICK DFS RESULTS Estimated Life of Mine (LoM) 14 years ✓ Includes Ross and Kendrick, but not Barber LoM Project
Slide 17: Systematic Progress Leading To Production Restart
Sy s t e m a t i c P ro g re s s Le a di n g To P ro d u c t i o n R e s t a r t Next 3 • INSTALL LOW-pH MONTHS FACILITIES, START ✓ COMPLETE ✓ COMPLETE ✓ COMPLETE PRODUCING FROM OLDER FIELD AREAS • DEVELOPMENT OF NEW AREAS TECHNICAL PROJECT EVALUATE FOR OPTIMISATION ECONOMICS FUNDING Next 12 PRODUCT
Slide 18: Uranium Sales and Inventory
UR A NIUM S A LES A ND IN V EN TO R Y PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 18
Slide 19: Peninsula's Key Differentiator
P e ni n s ul a ’ s Key D i ffe re nt i a t o r “An established uranium sales contract book” • A junior uranium company with a track record of meeting delivery requirements since 2016 • Sales contracts in place for up to 4.85 Mlbs U3O8 extending through 2030 • With major utilities in both the United
Slide 20: Physical Uranium Inventory
P h y s i c a l Ura ni u m In v e nt o r y ➢ Inventory of 510,000 pounds of uranium concentrate • Committed inventory of 300,000 pounds for sale to the US-DOE in Q1 CY2023 • Balance of 210,000 pounds uncommitted • Enhances flexibility in meeting customer requirements • Holding inventory has delivere
Slide 21: A Compelling Uranium Proposition
A C O MPELLIN G UR A NIUM PR O P OSITIO N PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 21
Slide 22: ESG Is In Our DNA
ES G Is In O u r D N A ESG principles have always been core values for Peninsula. The Company is committed to being a responsible member of our local and global communities. We foster a safe, healthy and diverse workplace culture with a strong emphasis on environmental stewardship ✓ Business Ethics
Slide 23: The Next Uranium Producer
T h e N e x t Ura ni u m P ro d u c e r ✓ Lance Projects located in Wyoming, USA - a tier-one mining and uranium jurisdiction ✓ Successfully working towards restart of production operations at Lance in Q1 CY2023 ✓ Lance is a long-life operation, with excellent exploration and development growth upsi
Slide 24: The Peninsula Advantage
T h e P e ni n s ul a A d va nt a g e Idled US uranium projects that are sufficiently advanced may have a unique opportunity to capture emerging US demand in a Western-focused nuclear fuel market Most uranium developers face significant staffing, technical, regulatory, operational and market-related
Slide 25: Contact Details
Co nt a c t D et a il s REGISTERED OFFICE Units 32/33, Level 3 22 Railway Road Subiaco, Western Australia 6008 Australia Phone: +61 8 9380 9920 www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director/CEO +1 (307) 467-9401 25
Slide 26: Appendix 1 – Resources
A p p e n di x 1 – R e s o u rc e s Lance Projects Resource Estimate as at 31 December 20211 Classification Tonnes U3O8 Grade U3O8 (million) (Mkg) (ppm U3O8) (Mlbs) Measured 3.4 1.7 491 3.7 Indicated 11.1 5.5 496 12.1 Inferred 36.2 17.2 474 37.8 Total 50.7 24.3 480 53.7 1) JORC Table 1 included in a
Slide 27: Appendix 2 - Lance Exploration Target Additional Disclosure
A p p e n di x 2 - La n c e Ex p l o ra t i o n Ta rg et A d di t i o n a l D i s cl o s u re Exploration Target1 The Lance Projects cover a significant proportion of the Powder River Basin Basin Cretaceous sandstones of Wyoming, which are believed to represent an Exploration Target of between 104 a
Slide 28: Appendix 2 - Lance Exploration Target Additional Disclosure
A p p e n di x 2 - La n c e Ex p l o ra t i o n Ta rg et A d di t i o n a l D i s cl o s u re Basis of Grade and Tonnage Range Determination The level of exploration activity on which the Exploration Target is based is considered to be high due to the combination of a database of approximately 7,500
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